Are ALL today’s updates the same borrower.

must be same borrower, sooner FCA regulate ptop the better in disclosing same borrower. Lendy do the same, disgraceful and valueless to lenders

Looking at the loans which have been updated, it looks like mrclondon has already linked them (see here)

Let's have 8 indicative votes to decide what it means

Patronising updates. Totally meaningless, grammatically incorrect, drivel.

The only conclusion I can draw is that when they do inform us “in due course” it’s definitely not going to be good news. I have far more exposure to LY than to FS which is why I’m more vocal about LY being a disgrace to humanity, but frankly FS are as bad or worse.

No 16% on loans repaid overall. There haven’t been many this year a few over 20% keep it at reasonable rate. Can’t think of any losses on recently completed loans that I had exposure to.
If you are implying this borrower won’t be paying back My exposure to all loans total is less than 2%. With lots of security I doubt there would be an overall loss if FS were to foreclose and sell assets.

You're partly right, but not fully.
Diversification only gets you closer to the average if you don't do any loan selection. If you combine diversification with good (or lucky) loan selection which avoids some of the riskier loans then you can get above average returns.

Arby I take your point but diversification and selective investment strategies are not the same things. To be fully diversified means that you should get the average returns of all investors as your portfolio will reflect the average.

By definition the more selective you are with your investments the less diversified they will be as you will procactively choose to not invest in investments which do not meet a criteria.

Most investors will pick some middle ground between being fully diversified and only picking investments you truly believe in. The issue with the latter is that firstly it takes a lot of time to research all these investments and secondly most investors tend to hugely overrate their ability to identify good and bad investments. It’s even questionable if fund managers do much better than a monkey choosing randomly, so what hope does the average Joe have? Luckily the research shows that to get most of the benefits of diversification, namely your return will be largely in line with average return, requires a surprising few amount of investments about 10-20 depending on the spread of sectors.

To come back to the original point, if Godanubis has the level of diversification he claims, then how on Earth is he also employing a selective strategy? And a selective strategy that is so successful he is returning 16% while mugs like me are staring at huge losses. The answer predictably is he is doing some misleading accounting, booking his profits up front and not recognising losses for two years.